Pre-Market Pulse 22nd December – Santa buys the dip into the holidays
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
Stocks snapped a nine-day winning streak with a sharp reversal into the close as investors appeared to take some profit from the recent 7-week “Santa rally”.
The Dow notched up another record high overnight, however, the small-caps continued to play catch up this month, outpacing the “Magnificent-7” heavy Nasdaq and S&P by double
Stocks rallied overnight ignoring warnings from Federal Reserve officials to cool expectations of sooner rather than later rate cuts.
The Dow and Nasdaq clinched record closes Friday, amid optimism for rate cuts next year even as a Federal Reserve official attempted to pour cold water on aggressive rate cuts next year.
US stocks gave up some gains late in the session, as the post-Fed rally pushed stocks into overbought territory, triggering concerns that the surge may have been too much too soon.
The Dow closed at record high Wednesday after the Federal Reserve’s decision to keep rates unchanged, but forecast deeper rate cuts for next year, pushed growth stocks including tech sharply as Treasury yields slumped.
Stocks finished higher overnight led by tech as an ongoing slowdown in inflation kept hopes for an early rate cut next year alive just as the Federal Reserve readies its monetary policy decision slated for Wednesday.
Stocks finished higher overnight as investors continued their bullish bets on risk assets, a day ahead of fresh inflation data and the Federal Reserve’s final two-day policy meeting this year.
Equities continued their dream run with the major indices locking in 7 weeks in a row of gains, a feat not accomplished since 2019
Equities finished higher as a tech-led rally underpinned by Alphabet and AMD offset losses in energy stocks ahead of the monthly jobs report due Friday.
Equities finished lower overnight as investors digested another round of softer jobs data pointing to a slowing economy, boosting hopes that sooner rather later rate Federal Reserve cut is on the horizon.